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20131202
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CSPAN 1
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Dec 8, 2013 1:05pm EST
deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be cold hearted. that is not the better nation, the better nature of our nation. and i trust of thi
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